Epson has earned a platinum rating for sustainability from EcoVadis. France-based EcoVadis provides an independent, trusted and common platform for evaluating and rating more than 65,000 groups and companies across 200 industries in 160 countries.
They do this by using Corporate Social Responsibility (CSR) assessment criteria that are based on the sustainability standards of thousands of external sources such as NGOs, labour unions, international organisations, local governments and auditing organisations. The platinum rating, which was established in 2020, indicates that Epson was ranked among the top 1% of companies in the industry. Epson had received a gold rating the previous three years. Gold is awarded to companies that score in the top 5% of companies evaluated.
The platinum rating was awarded in recognition of Epson’s global CSR initiatives. The EcoVadis assessment focuses on four themes: the environment, labour and human rights, ethics, and sustainable procurement. Epson received an ‘Outstanding’ (the highest score) for the environment, as well as high scores for sustainable procurement, labour and human rights, and ethics, putting it in the top 1% in the computer and peripherals manufacturing industry.
‘Sustainability is a core management strategy for Epson, so the fact that we received a Platinum rating after three consecutive years of Gold ratings is an honour and has tremendous value. As stated in the Epson Group’s Management Philosophy, our goal is to make Epson an indispensable company for our customers and society. We believe that actions that demonstrate good governance and social responsibility across our supply chain are essential elements for achieving this goal. The whole group will work together to further advance the technologies that will make our products and services more efficient, compact and precise so that we may contribute to solutions to societal issues across Epson’s value chain and help to realise a sustainable world,’ said Epson President Yasunori Ogawa.
Epson has identified six materialities, including ‘advancing the frontiers of industry’ and ‘achieving sustainability in a circular economy,’ and is currently working to deliver products and services that contribute to social sustainability. The company is leveraging its efficient, compact and precision technologies to drive innovations in four areas, including inkjet. Epson believes that its technology can help to shrink environmental impacts, increase productivity, and play a major role in solving societal issues and in achieving the Sustainable Development Goals of the United Nations.